Corporate Governance and Performance: The REIT Effect

Real estate investment trusts (REITs) offer a natural experiment in corporate governance due to the fact that they leave little free cash flow for management, which reduces agency problems. We exploit a unique and leading corporate governance database to test whether corporate governance matters for...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Real estate economics 2010-03, Vol.38 (1), p.1-29
Hauptverfasser:	Bauer, Rob, Eichholtz, Piet, Kok, Nils
Format:	Artikel
Sprache:	eng
Schlagworte:	Agency theory Corporate governance Financial performance Indexes REITs Studies
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!